Allen County joins developer for 100,000-square-foot shell building

The partnership brings together Allen County commissioners, Allen County Council and PB Development LLC to develop the site. Under the agreement, the commissioners will issue a rebate for interest associated with loans taken out by the developer to get the building up and running, Commissioner Nelson Peters said. For its part, County Council plans to consider a 10-year tax abatement for the $5.2 million development.

“Business prospects are looking for opportunities to expand quickly and hit the ground running,” Peters said in a statement. “By undertaking this project, we are laying the groundwork for future jobs and economic expansion in our community.”

The commissioners' rebate will last only four years to make sure the developer completes the project in a timely manner.